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🐝❤️ Bitcoin positively reacts on the CPI data!
As I wrote yesterday, the price made a fake breakdown of the $67,000 and now rushing back upwards.
Sadly, our buy order at $65,800 was not triggered, but we are holding enough longs to not regret about it.
🦋 ETH BRIEF UPDATE
The $3500 support on #ETH = $67,000 support on #BTC
I expect a fake breakdown of this level, $3,430 level is good for averaging your position.
Overall, as on Bitcoin, as on Ethereum, as on many other altcoins, charts are oversold locally. We should not dump hard from current points.
🥱 Earned some profits from from #FET
Today we opened a SHORT position on #FET together with Premium Channels members. Is started dumping right after we entered, reached ALL targets and printed +137% profit by now. Keep earning even during this shitty market.
🧐 Want to join Klondike Premium Channels? Write me @kankordio or visit our website https://klondikepro.com.
🦋 ETH UPDATE
A place where I want to buy some Ethereum is $3500, the ultimate support.
Moreover, there is a bullish flag. If you are not ready to hold it for a long time, buy at the resistance breakout, best option.
📉 Forgot to tell you.. of course we EARNED ON THE DUMP!
Two days ago, right before the dump started, we published two SHORT signals in our Premium Channel: one on #DOGE and second on #NEAR. Both took 7 hours to reach ALL targets. Doge printed +150% profit and Near gave us +135% profit! Easy and profitable.
🧐 Want to join Klondike Premium Channels? Write me @kankordio or visit our website https://klondikepro.com.
🐝 BTC LOCAL UPDATE
The price is now located in the middle of nothing. The closest support is $67,000. We can easily dump there in the near future.
My main advice for now: don’t play with futures, use spot only. Futures trading will make sense only after breaking through $72,000.
Until it happened, the price is located in the horizontal range. Too risky for futures.
🏁 Despite the market dump, #BEER is still trading in +60% profit from our entry point. But we are waiting for a target.
Either x2.5 or nothing, that's the play.
😐 Bybit is Increasing Spot Fees for users!
After the recent increase of fees on perpetual trading, Bybit now announced a HUGE increase on spot trading (for some countries). For VIP 1 it changes from 0.1% -> to 0.18% (!) for takers. All changes can be seen on the screenshot above.
We're almost leaving Bybit for now. A new exchange where we trade spot will be announced soon. But for perpetual (futures) trades — always BingX:
- Liquidity and volumes are as good as on Bybit
- Fees are much lower
- No KYC needed for withdrawals lower than $50K
- Fast customer support
- Welcome bonus of up to $5,125
👉 Here is our referral link to get bonuses: https://bingx.com/partner/CryptoKlondike
📐 TOTAL 2 GLOBAL 2024 UPDATE
If you remember our idea about comparing Altcoin Cycles of 2020 and 2024, then you will be happy to know that it is perfectly working out!
The capitalization retested the $930B level and now rushing upwards (already $1.1T).
However, as you can see on the chart, it is just heating up. The aggressive growth is only about to start (correlates with the BTC dominance chart).
❗️Buying some #SCA at the $0.063 level retest!
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🐝❤️ BTC!
A highly awaited breakout of the bullish flag finally happened! Not much profit so far, but we are still holding a LONG position that was opened at the $63,000.
The main resistance for now is $71,500. Once it is broken, we can freely go upwards to somewhere like $80,000.
❗️The only insider who shares free signals on coins with a 2000% growth potential
Recently he shared a coin that has already yielded 2100% and is still growing. 🚀
Here is the channel - /channel/+_rFm-XgX6XZmOTk0
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🤝 By the way, the #DOGE setup is still valid, we are holding.
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🏁 #WIF reached 2/5 targets, printed +48% profit so far! Everything on spot.
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🔥 #THREE reached 2/5 targets, printed +40% profit so far!
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🐝 BTC BRIEF UPDATE
The support of $67,000 was reached. I placed a bid on Bitcoin at the $65,850.
Expect a fake breakdown of the $67,000 support to somewhere $65,500 - $66,000 zone.
❗️Buying some #BNB on this retest!
Recently the price broke through the previous ATH of $640, now retesting it. Buying it there and also ready to average on the ascending trend line.
❗️Open a small scalp LONG on #TAKIO, risky trade, small amount of deposit
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⛑ OTHERS/BTC UPDATE
This is the chart of crypto market capitalization excluding top 10 coins by mc against Bitcoin. As you can see, Altcoins marketcap has reached an ultimate bottom that was previously reached only a couple of times over the recent years:
- November 2023 (right before the Altcoin Season)
- April 2024 (during the crash)
- June 2024 (now)
This explains why it was quite difficult to earn something on this market over past few months and if you at least didn't lose - it's a good result AND...
Also gives us another hope that things will get better soon for Altcoins since we are approaching a strong support.
❗️Buying some #API3 on spot!
I am fundamentally bullish on this project, that's why I am accumulating it. Despite the overall dump of the market, this asset is staying strong.
There are two strong supports: $3.3 and $3. Placed bids on both these levels. This is a position for 1-3 months of holding, so don't use leverage, you will pay too much funding.
🐝 BTC UPDATE
There is not much to say about the market on this Saturday. Yesterday -2.5% dump on Bitcoin caused a massive sell-off on Altcoins. That's why I gave all recent buy setups on spot.
The main support of $64,000 - $68,000 is still strong. However, bulls failed to break through the $72,000 resistance for a fourth time in a row.
What does it mean? We need more consolidation and accumulation.
🏁 Another target reached by #W, printed +24% profit so far!
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📍BTC DOMINANCE (LOCAL) UPDATE
The dominance was rejected from the historical descending trend line (that I believe will never be broken upwards), but faced a local horizontal support at 54%.
Once this level is broken downwards, the massive Altcoin Season will start. When majors will finally print not just 5% - 15%, but 50% - 100%+ profit.
As I said, expect this summer to be insanely profitable.
✖️ I DON'T USE MACD IN CRYPTO TRADING - WHY?
In the post I will tell about the indicator in few words, but in the article below you will be able to read the answer to the question.
Moving Average Convergence Divergence (MACD) - is a trend-following indicator that shows the relationship between two moving averages of prices. The MACD is calculated by subtracting the 26 EMA from the 12 EMA. To be true, this is one of the simplest indicator available.
MACD indicators can be interpreted using two different methods (I write about those options which can be connected with crypto trading):
1. Crossovers - When the MACD falls below the signal line, it is a bearish signal, which indicates that it may be time to sell.
2. Divergence - When the security price diverges from the MACD, it signals the end of the current trend.
🗨 But why do I think this indicator is bad for crypto trading? - kankordia/%EF%B8%8F-i-dont-use-macd-in-crypto-trading-why-75d1db02ed44">Answer is in this article (click to the blue text to open)
❗️Buying some more #BEER here!
As you remember, we have already earned 300%+ profit on this token, but taking into account the overall tendency — I believe that this project has all chances to reach $1B marketcap (currently it is $250M).
It has already been listed on Bybit perps, BingX, Mexc, Bitget, Bitstamp, Gate.io etc.
According to some rumors, there might be a clicker, NFT collection and new exchange listings to be announced soon. Good meme.
🗿 Bitcoin RUNES — New Narrative to Give us X100?
We made a YouTube video where we dived into a topic of relatively fresh narrative — Bitcoin Runes.
Is it possible to earn some substantial gains on them? And if yes — what should we buy? Answered in the new video.
Please like and leave a feedback 🙏
Make sure to watch: https://youtu.be/c6uRRkSkttc?feature=shared
🏁 #VANRY reached the first target, printed +15% profit on spot!
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💪 #MUMU almost reached 4/5 targets, printed +77% profit in a few days of holding!
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🏁 #W finally made a proper pump, reached 2/5 targets and printed +16% profit our entry!
Closed 1/4 of the trade there. Selling W below $1 makes not much sense for me.